Appointment of Independent Director.
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Advik Capital's Board, at its meeting on October 15, 2025, approved the unaudited standalone and consolidated financial results for Q2 and H1 FY26 (ended September 30, 2025). Standalone revenue from operations rose to Rs 564.44 lakhs in Q2 FY26 from Rs 394.46 lakhs a year ago, with net profit at Rs 43.46 lakhs (vs Rs 41.88 lakhs). For H1 FY26 standalone, net profit dipped to Rs 217.86 lakhs from Rs 263.48 lakhs, while consolidated net profit fell sharply to Rs 106.94 lakhs from Rs 210.84 lakhs. No interim dividend was declared. The Board also appointed Mr. Mukesh Kumar Puniani (DIN: 10009156) as Additional Non-Executive Independent Director, subject to shareholder approval. Mr. Puniani has over 40 years of experience in the Indian financial sector and retired as Chief Manager from a nationalised bank.
The independent director appointment strengthens board composition but is routine. However, the sharp decline in consolidated H1 net profit (nearly 50% YoY) despite revenue growth may raise concerns on profitability and warrants attention from shareholders.